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This ordinance adopts the annual budget for the City of Leon Valley for the fiscal year 2025, approving projects and appropriating funds necessary for city operations. It outlines the procedures for budget consideration, personnel positions, and compliance with retirement system contributions, and includes provisions for filing and effective date.
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What is annual budget ordinance?
An annual budget ordinance is a formal legislative act that outlines the financial plan of an organization or government for a specific fiscal year.
Who is required to file annual budget ordinance?
Typically, municipalities, counties, and other governmental entities are required to file an annual budget ordinance.
How to fill out annual budget ordinance?
To fill out an annual budget ordinance, gather financial data, outline revenue sources, categorize expenditures, and complete the required forms according to local regulations.
What is the purpose of annual budget ordinance?
The purpose of an annual budget ordinance is to provide a legal framework for financial operations, ensure fiscal accountability, and guide spending decisions for the upcoming year.
What information must be reported on annual budget ordinance?
The annual budget ordinance must report revenue estimates, proposed expenditures, fund balances, and any financial policies or procedures governing budgeting.
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